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At what rate percent perannum simple interest will a sum double itself in 10 years?(a) 8% (b) 10%(c) 12% (d) `12 1/2%` |
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Answer» let principal amoun be P. Amount=P+simple interest Amount=2P simple interest=P simple interest= `(P xx R xx T)/100=P` T=10 yrs so R=Rate =10% |
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